The stated thickness of over 3 metres is very misleading. The hole drilling logs are included in the report on the drilling by K L Burns "Coal Exploration - Mt Lloyd" (1959) and it is clear that several widely separated thin seams (the best is a little over 1m thick) have been aggregated to give a single misleading thickness of 3m. THERE IS NO SINGLE COAL SEAM THAT IS 3 METRES THICK WHICH WOULD BE AN INTERESTING THICKNESS IF IT HAD IN FACT BEEN INTERSECTED IN THE DRILL HOLES.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.